Updated COVID-19 Business Information

April 1, 2020

Content Summary:

  • Message from TREC
  • Business survey
  • Business Conference Calls: Friday, April 3 at 10:00 a.m.; Monday, April 6 at 10:00 a.m.
  • Idaho Small Business Development Center Webinars
  • SBA Paycheck Protection Program Forms and Info
  • Message from Silicon Couloir, Chance Meetings
  • Jackson Hole Chamber of Commerce Resources
  • Small Business Administration Resources
  • Local Links
  • Other Resources

From the TREC Board and Staff:

The worldwide outbreak of COVID-19 (Coronavirus) has presented our valley with an unprecedented set of challenges.

We are deeply concerned about all the businesses in Teton Valley that have been affected by this unprecedented event. The well-being of our valley and community is TREC’s highest priority.

During these wild times, what is certain is that our collective love of our valley and all the associated activities remains strong. And it’s with this inspiration that, as long as we stand together (maintaining the appropriate social distance, of course), we can keep our Valley strong.

We are working toward the time when this crisis is behind us and we can return to enjoying our valley and outdoor lifestyles. Until then, all of us must support local businesses, including local retailers, outdoor service providers, and restaurants that provide us with the services we will need when we are able to return to the mountains, trails, rivers and streams.

Please forgive this rather lengthy communication, but we wanted to share as much useful, actionable information as possible. In the days and weeks ahead, we will be partnering with experts in their fields, such as accounting firm Chircop and Associates, to focus more tightly on critical support elements.

Business Survey:

We will use the info gathered here to better understand the gravity of our situation and target whatever support we can muster.

Hit this link to go to the survey:

https://corexmsbxsms2vx5jmhq.sjc1.qualtrics.com/jfe/form/SV_9ThJRXPbwhxAmOx

Idaho SBDC Teleconferences:

The Idaho Small Business Development Center (SBDC) and the Idaho Innovation Center will host weekly teleconferences on Business Survival in a Challenging Economy every Thursday for the next 3 weeks: April 2nd, 9th, and 16th.  Two sessions will be held each Thursday—AM Session from 10:30 am to 12:00 pm & PM Session from 1:30-3:00 pm.  As there is limited teleconference capacity, please PRE-REGISTER to reserve your space each week. To be part of the teleconferences, register at: https://idahosbdc.org/regional-training/   (Select REGION VI)

Presenters will include the Idaho Small Business Administration (SBA), Idaho Small Business Development Center (SBDC) and the Idaho Innovation Center. Topics to be covered on April 2nd are:  Updates on Covid-19  SBA Disaster Loan Program,  Strategies for an Economic Downturn,  Leadership through Crisis.

To learn more, visit www.idahosbdc.org or www.innovateidaho.org or call 208523-1026.

SBA Paycheck Protection Program:

The US Treasury Department released the forms to apply for the SBA 7a Paycheck Protection Program loans this morning. They also made a fact sheet and stated that most every financial institution will have the ability to fund these SBA 7a Paycheck Protection Program loans.  Starting April 3, 2020, small businesses and sole proprietorships can apply. Starting April 10, 2020, independent contractors and self-employed individuals can apply. Small businesses are encouraged to apply as quickly as possible because there is a funding cap. 

Application forms:  https://www.sba.gov/sites/default/files/2020-03/Borrower%20Paycheck%20Protection%20Program%20Application.pdf

Fact Sheet: https://home.treasury.gov/system/files/136/PPP%20Borrower%20Information%20Fact%20Sheet.pdf

From our Colleagues at Silicon Couloir:

1) Silicon Couloir’s Crisis Management Guide

2) Silicon Couloir’s Cashflow Management Guide Checklist

3) Silicon Couloir Cashflow Template

4) U.S. Chamber of Commerce COVID Small Business Guide and Checklist

5) WY Unemployment Benefits under CARES Act

The Jackson Hole Chamber of Commerce has some useful ideas: https://www.jacksonholechamber.com/blog/a-guide-to-social-distancing-in-jackson-hole/?fbclid=IwAR2qCsgqdcR1nXc3LavOAFJqA-OBTjwIp6MdUuZLYlqmIq68W3fP1VIYICQ

U.S. Small Business Administration:

https://www.sba.gov/page/guidance-businesses-employers-plan-respond-coronavirus-disease-2019-covid-19?fbclid=IwAR2zeLVQjE2RB-YYuZ17xegEH8itQq5x_F2YMRGT5pjUP-EhoG2fIdqzPKc

Local Government and Agency News and Resources:

Teton County: https://www.tetoncountyidaho.gov/announcements_detail.php?deptID=3&pkAnnounce=482

City of Driggs: https://www.driggsidaho.org/covid19

City of Tetonia: https://tetoniaidaho.com/

City of Victor: https://www.victorcityidaho.com/alert_detail.php

State of Idaho: https://coronavirus.idaho.gov/
Eastern Idaho Public Health:

Hotline: 208-522-0310 or 855-533-3160 (toll free)

Website: www.EIPH.Idaho.gov/

Facebook: @EIPH.Idaho

Idaho Dept. of Labor Unemployment Insurance:

 File for unemployment insurance online at labor.idaho.gov/ClaimantPortal or get help with your application by calling (208) 332-8942.

Coronavirus-related unemployment insurance FAQs: idahoatwork.com/2020/03/18/faqs-about-unemployment-insurance-and-covid-19/.

General unemployment insurance FAQs: labor.idaho.gov/dnn/Unemployment-Benefits/Questions-Answers.

Contact your nearest Labor One-Stop office for more information: Idaho Falls: (208) 557-2500

Other resources:

https://www.sbc.senate.gov/public/_cache/files/9/7/97ac840c-28b7-4e49-b872-d30a995d8dae/F2CF1DD78E6D6C8C8C3BF58C6D1DDB2B.small-business-owner-s-guide-to-the-cares-act-final-.pdf

https://commerce.idaho.gov/covid-19/

https://www.thelionspride.com/situation-room-resources

https://www.uschamber.com/app/covid-19-flyer/

https://www.uschamber.com/coronavirus-response-toolkit

https://cdn.ymaws.com/www.dema.org/resource/resmgr/documents/The_Small_Business_Owners_Gu.pdf

National Federation of Independent Business (NFIB): https://www.nfib.com

 https://commerce.idaho.gov/tourism-resources/covid-19-travel-industry-resources/

https://www.idahononprofits.org/global-health-issues.html

https://www.youtube.com/playlist?list=PLeCMPhckf9M4x6VOMNDusvf6_bd52iJIs

https://www.mainstreet.org/howwecanhelp/resourcecenter/covid19resources

https://restaurant.org/Covid19

We will share any additional relevant information as we receive it and post updates here: http://discovertetonvalley.com/coronavirus-information/

Questions, concerns, ideas: brianm@trec-biz.org